Federal prosecutors have alleged that the consulting arrangement became a guise for a bribery scheme that lasted more than five years.
HOUSTON — A federal jury on Tuesday convicted R. Allen Stanford, a Texas financier, on 13 out of 14 counts of fraud in connection with a worldwide scheme that lasted more than two decades and involved more than $7 billion in investments.
A deal lawyer, a trader and their middleman who carried out an insider trading scheme that lasted decades and included the use of code names and disposable cellphones settled charges Wednesday with the Securities and Exchange Commission for $32 million.
Six Suffolk County coin dealers were charged yesterday by the state attorney general's office with bilking more than 1,000 customers across the nation, most of them elderly, out of at least $25 million in a telemarketing scheme that lasted seven years.
BETABEAT Stanford Convicteded of Fraud for Ponzi Scheme | A federal jury in Houston convicted R. Allen Stanford, a Texas financier, on 13 of 14 counts of fraud in connection with a worldwide Ponzi scheme that lasted more than two decades and involved more than $7 billion in investments.
DealBook » 3 to Pay $32 Million to Settle S.E.C. Charges of Insider Trading | A deal lawyer, a trader and their middleman who carried out an insider trading scheme that lasted decades and included the use of code names and disposable cellphones settled charges on Wednesday.
Eighteen current and former New York City tax assessors were indicted yesterday in a scheme that lasted decades in which they took millions of dollars in bribes to cut property taxes for the owners of office towers, residential buildings and warehouses, federal prosecutors said.
Mandatory unpaid government work schemes that last up to six months should be declared illegal because they are a form of forced labour, lawyers acting for the unemployed argued on Tuesday.
But whatever else Mr. Madoff's game was, it was certainly this: The first worldwide Ponzi scheme — a fraud that lasted longer, reached wider and cut deeper than any similar scheme in history, entirely eclipsing the puny regional ambitions of Charles Ponzi, the Boston swindler who gave his name to the scheme nearly a century ago.
With four turnovers that led to 10 points by a sizzling offense and a scheme that at last slowed an opponent's running game, the Jets finally earned their second victory, 20-7, over the Minnesota Vikings.
